16,700 Shares in ProShares UltraShort S&P500 $SDS Bought by Renaissance Technologies LLC

Renaissance Technologies LLC purchased a new stake in ProShares UltraShort S&P500 (NYSEARCA:SDS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,700 shares of the real estate investment trust’s stock, valued at approximately $1,257,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SDS. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of ProShares UltraShort S&P500 in the first quarter valued at $421,000. Independent Financial Group LLC bought a new stake in shares of ProShares UltraShort S&P500 during the first quarter worth about $586,000. Three Seasons Wealth LLC bought a new stake in shares of ProShares UltraShort S&P500 during the first quarter worth about $4,984,000. IMC Chicago LLC raised its holdings in shares of ProShares UltraShort S&P500 by 12.2% in the 1st quarter. IMC Chicago LLC now owns 101,929 shares of the real estate investment trust’s stock worth $7,670,000 after acquiring an additional 11,085 shares during the last quarter. Finally, Beacon Financial Group acquired a new stake in shares of ProShares UltraShort S&P500 in the 1st quarter worth about $241,000.

ProShares UltraShort S&P500 Stock Down 1.3%

Shares of NYSEARCA SDS opened at $52.76 on Friday. ProShares UltraShort S&P500 has a fifty-two week low of $52.54 and a fifty-two week high of $80.50. The firm’s 50-day simple moving average is $57.00 and its 200 day simple moving average is $63.02.

ProShares UltraShort S&P500 Company Profile

ProShares UltraShort S&P500 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 (the Index). The Index is a measure of large-cap the United States stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 United States operating companies and real estate investment trusts selected through a process that factors criteria, such as liquidity, price, market capitalization and financial viability.